Tag Archive for trading

What to Consider Before Bartering…

Posted on December 15th, 2009

If you find yourself without access to currency, bartering is a method by which you may secure items in trade. Another benefit of bartering is that traded items can help you generate goodwill from others and secure needed services. In order to trade successfully, you’ll need to prepare to have items of value on hand.

As you consider which items you may wish to collect, here are some guidelines that I think may be helpful.

Remember that you are not purchasing items for your personal use when you shop for bartering merchandise. These goods are items you invest in to secure a high yield later – you want a good profit at the point of trade. Don’t purchase junk, but look for good prices on good products that are in the mid-range of quality.

Tools can be found in varied quality. When trading, discounted and used items found on sale will be preferable, in contrast to the highest quality you can afford when purchasing for yourself. Train your eye to spot quality products so that you don’t end up collecting junk as you become familiar with yard sales, flea markets, estate sales, garage sales, consignment shops and other discount outlets.

When deciding which items you’ll trade, don’t forget to consider your skills. If you know how to make simple repairs, you could purchase slightly worn items at a deep discount and refurbish them yourself.

Consider investing in items that have multiple uses. This will save storage space and increase your opportunities to trade. Blankets, buckets, twine, rubber bands, basins, assorted fabrics, soap and duct tape all fall into this category.

Now is a good time to acquire skills you could use to make your own items for bartering. The ability to create your own ammunition is a valuable skill. Read up on bullet swaging to learn how to do this. Foraging, candle making, soap making, masonry, pottery, sewing and metalworking are all skills that will enable you to produce products for trade.

Select books which will serve as a resource for those looking for ways to become self-sufficient. Vary your collection with entertaining fiction. Even more valuable is literature that teaches while it entertains. Shop for used books offered at a discount.

Money Saving Tip: Deals and Steals

Posted on November 18th, 2009
Original post by The Skyline View

Low on cash? In today’s tough times, the phrase “every penny counts” makes more sense now then ever before. So for those who need ideas on how to save money, I’ve got one word for you: bartering.

For those who don’t know what bartering is, it’s a system in which goods or services are directly exchanged for other goods or services without a common exchange unit. This means that no money is involved.

Although the use of commercial bartering hasn’t been widely used as a medium since the 1800s, its purpose does have its advantages.

Say for example you know someone who’s good at fixing cars and also has kids who need looking after. And let’s say your car needs some repairs and it just so happens you’re good with kids. This would be a perfect scenario in which bartering would work well for both of you: they get childcare, your car runs again. You’re not losing any actual money-you’re just capitalizing on your own talent.

No matter who you are, you must be good at something, so why not put that ability to good use?

Some people have been known to have something called barter-parties where a group of people do favors for each other without ever exchanging money. Things get done and no one goes broke.

One time, I got a bunch of free homemade cookies at UC Berkeley by standing out in front of a club table and spending some time handing out flyers advertising their upcoming events. Admittedly, it does sound somewhat silly and unorthodox, but I didn’t have to pay anything for a bunch of tasty cookies!

So just imagine instead of paying for something, you can just work it off or do someone a favor. Sounds pretty sweet and you never know what kind of benefits you may come across until you try.